Over this past weekend, a lot of people were asking me a lot of questions about whether the Germans were "going to" bail out Greece. Apparently, they hadn't seen our posts at the END of last week describing how much resentment there was among Germans - based largely on the unhappiness among WEST Germans at how much the "bailout" of the EAST Germans had cost them, throughout the 1990s and into the current century the historical experience / prism thru which they were seeing the Greek bailout.
Over this past weekend, a lot of people were asking me a lot of questions about whether the Germans were "going to" bail out Greece. Apparently, they hadn't seen our posts at the END of last week describing how much resentment there was among Germans - based largely on the unhappiness among WEST Germans at how much the "bailout" of the EAST Germans had cost them, throughout the 1990s and into the current century the historical experience / prism thru which they were seeing the Greek bailout.
But, as always, in politics, the German resistance was evoking resentment in the rest of Europe towards them:
Berlin is pressing too hard, with the region’s new fixation on debt creating a “cult of austerity” that could make it harder to recover from the slump. Drastic budget cuts, if carried out as promised, could set off deflation, send already high unemployment rates surging, bring governments down and even create popular opposition to the euro, critics say.
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